I have a question for anyone with some knowledge about the IRS. My situation is I am paying back taxes to the IRS after 2 liens were put on me. I pay them 300 a month and should be done paying in 4 years or so. I am getting part of an inheritnence when my deceased grandfathers land sells. The Attorney had me fill out a W9 form. Does anyone know how that works?? Would the IRS take my inheritence to pay the back taxes I owe or would the attorney give me a check at closing and the W9 is just for taxing purposes?? Thanks for any knowledge you may have.
The W9 was issued so that it could be reported to the IRS at the end of the year. As long as you make your payments on or before the due date, the IRS **might** not move to seize the money. That being said I; 1) would not leave that money in any bank, 2) pay down the balance some to keep them at bay.
